Feb 05, 2007 (M2 PRESSWIRE via COMTEX News Network) --
International Arimex Resources Inc (TSX-V: IEA) had a solid day in the markets Friday as shareholders witnessed their company's share value increase 8.82% following the exchange of 187,650 shares trading hands before the toll of the closing bell. The share price ranged $0.01 throughout the day, reaching a high of $0.185 and a low of $0.175 before settling on the high before day's end. PinnacleDigest believes that the health of the uranium sector has a significant impact on companies such as International Arimex Resources. Our research team decided to take a closer look at this volatile industry. To continue this read and find out why our client base continues to grow, come explore
www.pinnacledigest.com. Uranium continues to be a hot commodity as hedge funds are increasingly adding this resource to their investment portfolios. The steady move towards nuclear energy has been occurring since 2001 when the spot price for uranium was under $10. "We're in a historic uranium shortage," said James Passin, who manages $580 million at New York-based Firebird Management and began buying shares of uranium producers five years ago. "We're in a global nuclear revival." The questions that need answers are: why is supply so dry? And where is this increasing demand coming from?
In corporate news, representatives from International Arimex Resources Inc announced the Company has closed its non-brokered private placement financing announced November 29th, 2006, to raise gross proceeds of $783,649. The Company has issued 1,580,000 non flow through units at a price of $0.16 per unit to 30 placees. Each unit consists of one common share and one common share purchase warrant, entitling the holder to acquire one common share for one year at an exercise price of $0.21. The Company has issued 2,949,110 flow through units at a price of $0.18 per unit to 39 placees. Each unit consists of one flow through common share and one common share purchase warrant, entitling the holder to acquire one common share for one year at an exercise price of $0.23. PinnacleDigest feels that this news is a step in the right direction and will following the company's progress over the next few months. To continue this read and to follow up on International Arimex Resources Inc. come explore
www.pinnacledigest.com. To continue with this report as well as other related articles, please visit
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